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Financing Your Home >Bridge Loans
What if you hear one day that the house you have coveted for years is on the market. Out of curiosity, you might call your real estate agent and arrange to see if the inside of your dream house is as terrific as the outside. It is, and you fall in love with the place. The sellers need a relatively fast settlement, and are not in a position to accept an offer that is contingent on selling your home before closing on the new one. While you are confident your house will sell fairly quickly, you cannot be sure in a fluctuating market.
A bridge loan might be your solution. Many lenders specialize in providing short term loans for just this type of situation. The principal and interest is paid back when you close the sale of your present house. If the market in your area is strong and there is a good possibility of selling your home quickly, or if you are willing to offer your home at a price that will make it attractive in a sluggish market, then a bridge loan is a tool that could make the home you love a real possibility. A good real estate agent and a knowledgeable loan officer are the team you need to work it out.
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Where will you find the world's largest indoor waterfall?
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The lobby of the International Center in Detroit, Michigan has a waterfall of 114 feet, backed by 9,000 square feet of marble. |
 See More Real Estate Trivia > |
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Thomas Gooch
American Residential Communities
704 Central Parkway East Suite 1208
Plano, TX 75074
Local: (888) 475-3945
Email: thomasgooch@number1expert.com
Our business is all about community. A neighborhood to belong to. A place where you feel comfortable. You’ll feel right at home in an American Residential community, complete with desirable amenities like a clubhouse, swimming pool and a playground for the kids. Our communities are friendly neighborhoods where you’ll feel welcome. Our professional on-site management teams go the extra mile to make sure of it
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